A.M. BestTV: Risk, Not Rules, Becoming Driver of Asian Regulation, Says Megrow Pte Managing Director

OLDWICK, N.J.--()--In this A.M.BestTV episode, Reto Brosi, managing director, Megrow Pte Ltd., explores issues surrounding the move toward risk-based capital regulatory structures in Asian countries such as Singapore, the Philippines, Thailand and China. Click on http://www.ambest.com/v.asp?v=brosi517 to view the entire program.

Hong Kong has initiated steps to boost its risk-based capital framework.

“In Asia, specifically in Hong Kong, cyber risk is at the forefront,” said Brosi. “What I mean by forefront is in terms of opportunities and threats. It is important that risk regulations reflect this so that companies are prepared to convert this risk into business, helping their customers and making sure that they are stable and can manage their enterprise risk management.”

Brosi also addressed the issue of Hong Kong’s new risk-based capital (RBC) framework.

“I am a great supporter of moving from rule-based supervision to a more risk-adequate RBC-type of framework. That is a global trend. Different markets use slightly different means and details, but the global trend is there. I think it is crucial that Hong Kong, as a leading financial center, does not fall behind.”

Recent episodes of A.M.BestTV include:

  • Inland Marine Sector Looks to Training, Digital, Automation and Fresh Workforce: At the Inland Marine Underwriters Association Conference leaders in the sector said they are expecting a new wave of younger workers, advancing technology and a greater reliance on automation and artificial intelligence, which will remake the industry: http://www.ambest.com/v.asp?v=imua2517nc.
  • Insurers See Profitable But Shifting Program Sector: Attendees at the Target Markets Program Administrators Association's 2017 Mid-Year Meeting said the sector remains profitable and attractive, and opportunities are emerging as program managers shift carrier relationships: http://www.ambest.com/v.asp?v=tmpaa517.
  • Analytics: Cyber Threats Gain in Strength: A.M. Best Senior Financial Analyst Fred Eslami discusses the implications of the recent WannaCry ransomware attack and what it means for insurers going forward: http://www.ambest.com/v.asp?v=ransomware517.
  • Challenge to Life Settlements Sector Is Product Flow, Says CEO of The Lifeline Program: Scott Page, president and chief executive officer, The Lifeline Program, said life settlements have matured as an investment category to the point where investor interest is outstripping supply of life policies: http://www.ambest.com/v.asp?v=page217.

A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View A.M.BestTV episodes at http://www.ambest.tv.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2017 by A.M. Best Company, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.

Contacts

A.M. Best
Lee McDonald
Group Vice President, Publication and News Services
+1 908 439 2200, ext. 5561
lee.mcdonald@ambest.com

Contacts

A.M. Best
Lee McDonald
Group Vice President, Publication and News Services
+1 908 439 2200, ext. 5561
lee.mcdonald@ambest.com